China39;s Premier Li says Q2 growth to be higher than Q1
PZ Cussons slips after profit warning
JD Sports Fashion down after flagging weakness in North America
FTSE 100 up 0.1, FTSE 250 adds 0.5
June 27 Reuters British equities rose on Tuesday as Chinaexposed stocks jumped after Beijing said domestic growth would be higher in the second quarter, while mining stocks rose on higher metal prices.
The bluechip FTSE 100 rose 0.1, while the more domesticallyfocussed FTSE 250 midcap index added 0.5.
China39;s Premier Li Qiang told delegates at the World Economic Forum in Tianjin that the country39;s economic growth in the second quarter will be higher than the first and is expected to reach the annual economic growth target of around 5.
Li also said that Beijing would roll out more effective measures to expand domestic demand and open markets.
Investors want to see those growth figures actually being achieved rather than just promises that they will be achieved, said Danni Hewson, head of financial analysis at AJ Bell.
There has been disappointment in the past, but don39;t bet against China when the authorities really get their finger out.
Chinaexposed banks HSBC and Standard Chartered added 0.4 and 1.2, respectively, while insurer Prudential gained 1.7.
Industrial metal miners added 0.4 as copper prices edged higher, while precious metal miners rose 1.1 tracking higher gold prices.
The exporterheavy FTSE 100 is on track to post quarterly losses after two straight…